Huawei reportedly mulling an IPO

Huawei Technologies has reportedly reached out to various investment banks for advice on filing an initial public offering, according to The Wall Street Journal. The Chinese company is said to be interested in an IPO in an attempt to gain more contracts in larger markets such as the United States, and because of that, it is leaning more towards a U.S. listing over Hong Kong or London. The public offering would also help Huawei ease the concerns of Western governments that fear the company has close ties to China’s military. Such a step would provide the world with information on Huawei’s ownership structure, sources of revenue, risk factors and the presence or absence of state support. The company has considered an IPO in the past, however, and has ultimately decided against the option.